Liberty Gold Announces the Sale of the Gage Project

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[{"type":"text","content":"Liberty Gold Announces the Sale of the Gage Project\nVANCOUVER, British Columbia, March 18, 2026 (GLOBE NEWSWIRE) -- Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) (“Liberty Gold” or the “Company”) announces that, through its subsidiary Liberty Gold USA Inc., it has entered into an asset purchase agreement (the “Agreement”) with a subsidiary of Blue Moon Metals Inc. (“Blue Moon”), whereby Liberty Gold will divest its copper-gallium-germanium Gage Project located in southern Utah (the “Project”), for consideration of 420,935 common shares in Blue Moon plus a 2.0% net smelter return royalty (the “Transaction”). The Project, which is comprised of interests in certain unpatented critical minerals focused mining claims and School and Institutional Trust Lands Administration (“SITLA”) leases, was deemed a non-core asset and was the subject of a review of divestiture options as announced by the Company in late December 2025 (see press release dated December 31, 2025). Transaction Summary Under the terms of the Agreement, on closing of the Transaction, Liberty Gold will receive total consideration comprised of: Approximately US$2 million via the receipt of 420,935 common shares of Blue Moon; andA 2.0% net smelter return royalty (“NSR”), payable on mineral production on the Project, excluding land subject to SITLA leases, and subject to an option in favour of Blue Moon to repurchase 1.0% of the NSR at any time prior to achieving commercial production for a cash payment of US$2 million. The Agreement contains certain representations and warranties, covenants and indemnities customary for a transaction of this nature. All shares of Blue Moon received as consideration in the Transaction will be subject to a hold period under applicable Canadian securities laws, which will expire four months plus one day from closing of the Transaction. Closing of the Transaction remains subject TSX-V regulatory approvals, as well as customary closing conditions for a transaction of this nature, and is expected to occur within 30 days. No advisory fees have been paid in relation to the Transaction. Advisors and Counsel Blake, Cassels & Graydon LLP and Parsons Behle & Latimer acted as legal counsel in connection with the Transaction. ABOUT LIBE...

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